Atlas21
  • ‎
No Result
View All Result
Atlas21
No Result
View All Result
Atlas21
Home Crypto

Investigations into exchanges and wallets dropped: Phoenix Wallet returns to the U.S.

Newsroom by Newsroom
April 10, 2025
in Crypto
doj
Share on FacebookShare on TwitterShare on Linkedin

The DOJ’s decision marks a turning point in the relationship between U.S. institutions and the digital asset space.

According to Fortune, on April 7 the U.S. Department of Justice (DOJ) announced it will cease investigations and criminal charges against cryptocurrency exchanges, mixing services, and wallets.

In its official statement, the DOJ declared:

“The Department of Justice will no longer engage in regulation through enforcement in this sector. Specifically, the Department will no longer target virtual currency exchanges, mixing and tumbling services, or offline wallets for the actions of their end users or for unintentional regulatory violations.”

According to the announcement, the Department will immediately drop any ongoing investigations into such entities. Furthermore, it will not pursue legal action against developers whose code is used by others to commit crimes.

This decision coincides with the announcement of the disbandment of the National Cryptocurrency Enforcement Team (NCET), which was launched in 2021 under the Biden administration. The DOJ still reserves the right to prosecute individual bad actors, but only under specific circumstances.

Phoenix Wallet returns to the U.S. market

One of the first consequences of this new policy comes from the Lightning Network wallet Phoenix Wallet, which announced on its X profile that it is returning to the U.S. market:

🇺🇸 We welcome the "Ending Regulation By Prosecution" memo by the US DAG, and the clarity it provides for developers and operators of Bitcoin software.

This is consistent with Executive Order 14178 that recognized the importance of "protecting and promoting the ability of… https://t.co/rceaIj51By

— ACINQ (@acinq_co) April 8, 2025
Previous Post

Firefish raises $1.8 million to expand the Bitcoin lending market

Next Post

BitGo integrates the Lightning Network: partnership with Voltage

Latest News

Arkham rivela l’87% degli indirizzi Bitcoin di Strategy
Bitcoin

Arkham reveals 87% of Strategy’s Bitcoin addresses

by Newsroom
May 29, 2025
0

The blockchain analytics firm claims to have identified the Bitcoin addresses held by the company led by Saylor.

Read moreDetails
blockstream
Bitcoin

Blockstream launches a non-custodial app to buy Bitcoin

by Newsroom
May 29, 2025
0

At Bitcoin 2025, the company unveils the Blockstream App and a strategic roadmap to accelerate adoption.

Read moreDetails
Il routing su Lightning rende il 10% annuo: l’annuncio di Block
Bitcoin

Lightning routing yields 10% annually: Block’s announcement

by Newsroom
May 29, 2025
0

The revelation by Miles Suter, Product Lead at Block, at the Bitcoin Conference 2025 confirms the economic potential of LN...

Read moreDetails
bitcoin
Bitcoin

Pakistan announces the creation of a strategic Bitcoin reserve

by Newsroom
May 29, 2025
0

The Pakistani government embraces Bitcoin, following the example set by the United States.

Read moreDetails
Il futuro del mining? Green e decentralizzato
Bitcoin

The future of mining? Green and decentralized

by Plak
May 29, 2025
0

An analysis of the present and a look at the future of Bitcoin mining, between data, critical reflections and a...

Read moreDetails
Atlas21

© 2025 Atlas21

Navigate Site

  • About
  • Home
  • Feature
  • Bitcoin
  • Careers
  • Opinion
  • Interviews
  • Privacy Policy
  • News
  • Learn
  • B2B
  • Press
  • Cookie Policy

Follow Us

No Result
View All Result
  • News
  • Interviews
  • Learn
  • Feature
  • Services
  • Adoption
  • ‎
    • ‎

© 2025 Atlas21

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site, we will assume that you are happy with it.AcceptCookie